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Dec 28, 2012
12/12
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falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't like
falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll...
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Dec 31, 2012
12/12
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FBC
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gerri: coming up next, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into perspective. the spending problem if it were your household budget. next. gerri: there is a reason we call this segment back of the envelope. we try to explain in plain english some of the more complicated financial issues. the big issue today, the fiscal cliff. and you may be asking yourself, why is this so important? what is so cataclysmic about our nation's finances that we need to implement these monster tax increases and make draconian spending cuts. well, if you want to understand the government and its problems, take a look at these numbers. let's start with tax revenue. these are the nation's tax revenues. what you have your is just over 2 trillion in income. that's all it is really. and look at these euros. a very big number. the spending i
gerri: coming up next, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into perspective. the spending problem if it were your household budget. next. gerri: there is a reason we call this segment back of the envelope. we try to explain...
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Dec 30, 2012
12/12
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CNNW
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>> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giving explanations for 99.8% of americans who are not accountants. but the amt patch will
>> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from...
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Dec 24, 2012
12/12
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WBAL
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there's he hope a deal will be cut before new year's to avert the fiscal cliff by extending tax cuts temporarily or tax cuts from people under $250,000 of income. i spoke this morning to a republican member of congress who said, we still can come back next week, and we can still do it, although, you know, mara was talking in her piece about shoppers who think they get a better deal the longer they wait. it's a worse deal for the republican party having waited this long, having gotten beaten on the plan b that speaker boehner was trying to do. the terms are getting worse for republicans, not better. >> a lot of people watching this will say if congress couldn't reach a grand bargain with a self-imposed deadline, this so-called fiscal cliff, when will they ever get together and do something big? is there hope beyond the 31st and 1st of this year that eventually there will be a big deal? >> well, i've always been perhaps excessively optimistic about this, but i think, yes. look, members of congress understand that we have a long-term fiscal problem. they have different visions for how t
there's he hope a deal will be cut before new year's to avert the fiscal cliff by extending tax cuts temporarily or tax cuts from people under $250,000 of income. i spoke this morning to a republican member of congress who said, we still can come back next week, and we can still do it, although, you know, mara was talking in her piece about shoppers who think they get a better deal the longer they wait. it's a worse deal for the republican party having waited this long, having gotten beaten on...
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Dec 31, 2012
12/12
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48 hours. >>> also we're keeping a close eye on the fiscal cliff in washington where negotiations are under way now with just less than 30 hours away before we head over that fiscal cliff. before we get back to the clinton story, i want to check in now with liza, she's standing by watching all the negotiations going on. where are we, are we closer to any sort of resolution, lisa? >> reporter: i hate to say it, don, but we don't know. let me give you a summary, because i know we have other breaking news about secretary clinton. point number one, negotiations right now are back to the point where it's between, essentially, two men. direct talks right now are between senate republican leader mitch mcconnell and vice president joe biden. biden is known for contacts in the senate and is called the senate whisperer, known as getting things through the senate when nobody else can. those are the two men in contact tonight trying to forge a deal. here's point number two, there was one battle today that democrats won, it was over something called the change cpa. it's basically a different way o
48 hours. >>> also we're keeping a close eye on the fiscal cliff in washington where negotiations are under way now with just less than 30 hours away before we head over that fiscal cliff. before we get back to the clinton story, i want to check in now with liza, she's standing by watching all the negotiations going on. where are we, are we closer to any sort of resolution, lisa? >> reporter: i hate to say it, don, but we don't know. let me give you a summary, because i know we...
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Dec 26, 2012
12/12
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WBAL
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. >>> president obama is cutting short his christmas break with next week's fiscal cliff looming large. he plans to return to washington tonight after spending the holiday in hawaii. kristen welker is traveling with the president. good morning to you. >> reporter: savannah, good morning to you. the first lady and first daughters will remain here and continue their hawaiian holiday. the president and first lady spent part of their christmas visiting with troops stationed here in hawaii, thanking them for their service before they sat down and enjoyed a tradit n traditional christmas dinner. the night before president obama called service members stationed overse overseas. when president obama returns to d.c., he and lawmakers will have just days to avert the so-called fiscal cliff. here is where everything stands. last week house speaker john boehner failed to get his own bill through the house. so now things are in the s senate's court. leaders there will have to come up with a compromise to avert the tax hikes and spending cuts set to go into effect during the first of the year. presi
. >>> president obama is cutting short his christmas break with next week's fiscal cliff looming large. he plans to return to washington tonight after spending the holiday in hawaii. kristen welker is traveling with the president. good morning to you. >> reporter: savannah, good morning to you. the first lady and first daughters will remain here and continue their hawaiian holiday. the president and first lady spent part of their christmas visiting with troops stationed here in...
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Dec 27, 2012
12/12
by
WBAL
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from the winter storm to the political storm over the fiscal cliff, president obama is returning to washington this morning to try and work out a deal. with just five days left now, is there enough time? nbc's white house correspondent, peter alexander, good morning to you. >> reporter: good morning to you and most importantly happy birthday to you. the president hopes to bring back sunshine from hawaii, 38 degrees here and 72 in hallelujhonolulu. today, aides on both sides say no new negotiations are scheduled and no evidence of any post christmas compromise. >> reporter: cutting his christmas vacation short, president obama left hawaii overnight for washington trying to orchestrate a deal to avoid the fiscal cliff deadline just in the nick of time. if not, the consequences will be severe. more than a half trillion dollars in automatic tax hikes and spending cuts, not that lawmakers are necessarily feeling the urgency. congress is at least officially in session today but house members, most still at home haven't even been called back to the capitol. aides on both sides including republican le
from the winter storm to the political storm over the fiscal cliff, president obama is returning to washington this morning to try and work out a deal. with just five days left now, is there enough time? nbc's white house correspondent, peter alexander, good morning to you. >> reporter: good morning to you and most importantly happy birthday to you. the president hopes to bring back sunshine from hawaii, 38 degrees here and 72 in hallelujhonolulu. today, aides on both sides say no new...
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Dec 30, 2012
12/12
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MSNBCW
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there are ways to avoid the fiscal cliff in the next 36 hours. >> what is that mood like? i know you have been talking to them day in and day out. i was asking you on the commercial break what you are doing on capitol hill, what you are doing now. a lot of hurry up and wait. >> there's a lot of frustration. everybody understands this is a very serious issue. 36 hours from now, the fiscal cliff takes effect if there's inaction. there's some optimism. there's reason to be hopeful. i think the senate is going to come up with a plan we'll be able to vote on in the house. if not, the president put forward a plan that is ready to go now. there's no reason we can't get that done. >> the president has a back-up plan, he wants you to put something forward to make sure the tax cuts stay in place for the middle class. it's something you can support. what is your threshold? is it $400,000 or $500,000? if reid and mcconnell come up with a deal, what would you support? >> i would support $250,000. it's probably going to be higher than $250,000 somewhere between 400,000 and 500,000. if t
there are ways to avoid the fiscal cliff in the next 36 hours. >> what is that mood like? i know you have been talking to them day in and day out. i was asking you on the commercial break what you are doing on capitol hill, what you are doing now. a lot of hurry up and wait. >> there's a lot of frustration. everybody understands this is a very serious issue. 36 hours from now, the fiscal cliff takes effect if there's inaction. there's some optimism. there's reason to be hopeful. i...
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Jan 1, 2013
01/13
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WBAL
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the fiscal cliff. we'll not sort of have this march madness of budget fights coming up. it is going to pale -- what happened here over new year's will seem small, petty and acquaint compared to what happens in march. it will be ugly. >> that doesn't sound good. >> happy new year! >> happy new year. chuck todd in washington for us. thanks so much. >>> secretary hillary clinton remains hospitalized for a treatment of a blood clot in her head. nbc's chief science correspondent robert bazell is at columbia university hospital. >> reporter: good morning, andrea. she has a blood clot just below her ear on a blood vessel that drains blood from the brain but critically, it's not in the brain itself, which makes a difference in the prognosis. it's still a dangerous situation. you can see where the red dot there is on the diagram. it's being dissolved with blood thinners and over a period of days and all indications are that she will make a complete recovery. this is a dangerous situation, but she's going to be fine. andrea? >> good news. happy new year to you as well. thank you,
the fiscal cliff. we'll not sort of have this march madness of budget fights coming up. it is going to pale -- what happened here over new year's will seem small, petty and acquaint compared to what happens in march. it will be ugly. >> that doesn't sound good. >> happy new year! >> happy new year. chuck todd in washington for us. thanks so much. >>> secretary hillary clinton remains hospitalized for a treatment of a blood clot in her head. nbc's chief science...
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Dec 26, 2012
12/12
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CNBC
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cliff, consumers think next year we'll see higher taxes and lower entitlements. the only place in our space where we see a very significant fiscal cliff hit is aspirational customer, so the step-up customer into low-end tiffany's jewelry, for example, we just don't think they showed up this year. >> even if people, stacy, are going to be hit by higher taxes next year, at least some people are going to be hit by higher taxes next year, a lot of this is psychological, isn't it. you turn on the tv and you're feeling spooked, right? and once we have a deal or resolution, uncertainty taken away, will people unleash their spending? will this be unlocked? >> i think at the high end, yes, there will be some relief, and, you know, to laura's point, we were in tiffany over the weekend, you would be shocked how much sales help was available on the silver floor. typically you can't get near a sales person there. >> right. >> but a lot of it is psychological, but then again, christmas has come and gone and the full-margin products have come and gone. you fix the fiscal cliff
cliff, consumers think next year we'll see higher taxes and lower entitlements. the only place in our space where we see a very significant fiscal cliff hit is aspirational customer, so the step-up customer into low-end tiffany's jewelry, for example, we just don't think they showed up this year. >> even if people, stacy, are going to be hit by higher taxes next year, at least some people are going to be hit by higher taxes next year, a lot of this is psychological, isn't it. you turn on...
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Dec 31, 2012
12/12
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. >>> more on our special coverage of the fast moving negotiations over the fiscal cliff. up next, hear why one high profile democrat says going over the cliff would be good for the stock market. and your 401(k). check this out. >>> a compromise on the estate tax may be part of a last minute deal in the fiscal cliff. we're talking about how much money you can leave for your loved ones after you die. republicans want to extend the current estate tax that tops out at 35% and affects the states. the outline of the deal that just has been floated together would set the estate tax at 40% and the threshold at $5 million. let's bring christine romans in to make sense out of all of this. what do the numbers mean to real people? >> what it means, it is a victory politically for republicans and it means many republicans have said for a small business owner, small family farmers, people who have worked hard and amassed an estate, it means that they won't have to pay much more than they currently do for an estate tax. this is a true compromise here. because this is w
. >>> more on our special coverage of the fast moving negotiations over the fiscal cliff. up next, hear why one high profile democrat says going over the cliff would be good for the stock market. and your 401(k). check this out. >>> a compromise on the estate tax may be part of a last minute deal in the fiscal cliff. we're talking about how much money you can leave for your loved ones after you die. republicans want to extend the current estate tax that tops...
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Dec 24, 2012
12/12
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WBAL
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as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p...
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Dec 24, 2012
12/12
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the reason donors are concerned that a fiscal cliff deal could limit the tax deduction on charitable giving in the future. >> good day to you. is that the reason? i think people are worried they won't know what the deduction listen next we're, so front-loading the deduction this year. hopefully it's my wish they don't reduce it at all. >> let's look at some of the numbers. each year 300 billion is given to charity and claim about 50 billion a year in tax deductions. so when you look at some of the numbers, a person making about $too,000, they can deduct 35%. if that were to go down to 28%, how much do you think that would impact giving? >> you know, the estimate is anywhere between 1 and 30 billi billion, depending on how the deduction goes, and even if it's eliminated. it's hard to predict. one of the important things is this deduction han in place since 1917, and no one has ever touched it before. so we have no data on what's going to happen, but i think the americans, three quarters of the americans are concerned it will reduce the money to charity. >>> you know, if the country do
the reason donors are concerned that a fiscal cliff deal could limit the tax deduction on charitable giving in the future. >> good day to you. is that the reason? i think people are worried they won't know what the deduction listen next we're, so front-loading the deduction this year. hopefully it's my wish they don't reduce it at all. >> let's look at some of the numbers. each year 300 billion is given to charity and claim about 50 billion a year in tax deductions. so when you look...
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Dec 31, 2012
12/12
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fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am i on the naughty list again? ho ho ho! when i'm ou
fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable...
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Dec 24, 2012
12/12
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FOXNEWSW
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as lawmakers take their holiday break with no deal to avoid the fiscal cliff we'll look why one of them says a plan could be possible if the president himself didn't want to take us over the edge. >> we are told injuries are serious. they are being treated in local hospitals. as you mentioned a police officer from nearby greece, new york was apparently driving by. he was injured when his vehicle or the area near him was hit by shrapnel. now, as for the crime scene itself, the authorities say that they believe that the shooter is dead. no word as to his identity. also not clear, kelly, is what type of weapon he had with him. the authorities said that it was not clear if it was an assault rifle, the type of weapon we have heard so much about during the past few days. we expect that there will be more information later today. they say there will be a news conference at 2:00 this afternoon. another thing to keep in mind is that because of the attack on the firemen, they were unable to put out the house fire, and what began as a house fire and vehicle fire then spread to at least three other
as lawmakers take their holiday break with no deal to avoid the fiscal cliff we'll look why one of them says a plan could be possible if the president himself didn't want to take us over the edge. >> we are told injuries are serious. they are being treated in local hospitals. as you mentioned a police officer from nearby greece, new york was apparently driving by. he was injured when his vehicle or the area near him was hit by shrapnel. now, as for the crime scene itself, the authorities...
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Dec 31, 2012
12/12
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WRC
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can it about get passed in time to avoid the fiscal cliff? >> i'm not optimistic that it can get through the house. if there's a deal of 75, 80 senators voting for it, which is what mcconnell and biden are trying to construct here, it's not a deal that would just get over 60 votes but something bigger than that, the house would have to put it on the floor and it probably passes and probably gets over the finish line. you know, that's where i'm not sure we get a deal. is the political will there among house republicans? i know what mitch mcconnell believes is in the best interest of the republican party. i don't know if john boehner and mitch mcconnell are in sync on believing that the tax issue should completely be taken off the table. if there's no deal today, they'll cut taxes in three days when there's a new congress. >> focusing back on the senate, how important is vice president biden? >> the only person with any sort of warm relationship with mitch mcconnell is joe biden. the president doesn't have one. harry reid and mitch mcconnell do
can it about get passed in time to avoid the fiscal cliff? >> i'm not optimistic that it can get through the house. if there's a deal of 75, 80 senators voting for it, which is what mcconnell and biden are trying to construct here, it's not a deal that would just get over 60 votes but something bigger than that, the house would have to put it on the floor and it probably passes and probably gets over the finish line. you know, that's where i'm not sure we get a deal. is the political will...
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Dec 26, 2012
12/12
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CNNW
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from facebook's ipo to the new apple boss, to the fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatenin
from facebook's ipo to the new apple boss, to the fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first...
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Dec 25, 2012
12/12
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CNNW
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washington has just less than a week to reach a deal on the fiscal cliff, and right now, president obama and house speaker boehner are still far apart on an agreement. they'll be back to work on thursday to try to prevent this looming financial disaster. >>> he played the grouchy oscar on the odd couple, and tonight, hollywood is remembering jack klugman, the versatile character actor died at his california home today. from 12 angry men, he had decades of memorable roles on film and tv. jack klugman was 90 years old. >>> well, it could be a christmas of extreme weather for much of the u.s. a major storm is developing and gaining strength in the south. and it could lead to tornado outbreak. there are also warnings of hail, high winds, and heavy rain across the region. stay with cnn for the very latest on the threat of this dangerous weather. and on a much more cheerful note, here comes santa and his reindeer. norad is watching the jolly fellow, as is the tradition since 1955, tracking st. nick as he delivers all of those presents to kids around the world. i'm isha sesay in atlanta with a
washington has just less than a week to reach a deal on the fiscal cliff, and right now, president obama and house speaker boehner are still far apart on an agreement. they'll be back to work on thursday to try to prevent this looming financial disaster. >>> he played the grouchy oscar on the odd couple, and tonight, hollywood is remembering jack klugman, the versatile character actor died at his california home today. from 12 angry men, he had decades of memorable roles on film and...
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Dec 27, 2012
12/12
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FOXNEWSW
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[laughter] greg: don't send me off the fiscal cliff. heather: coming up next, milk. it could hurt your wallet after the first of the year if congress does not act fast. a little known law from the. it may having us pay double for milk after the new year. greg: an international outcry. just ahead, we will speak with ahead of the group leading the charge to free this man heather: he talks extreme weather alert for you now or are the death toll rising from a devastating winter storm system that is still slamming some parts with major snowfall. fifty people are now dead. with more than 1.5 feet of snow in parts of the northeast. a storm system that devastated the gulf coast community with rare winter tornadoes. it is expected to stop tomorrow, that is the good news. we are tracking the storm and we will bring you the latest live as it happens. greg: let's call it the milk fiscal cliff if congress doesn't take action before new year's day. the price of jury could more than doubled because of a law enacted way back in the 1940s. a reporter is live with the details. dominic
[laughter] greg: don't send me off the fiscal cliff. heather: coming up next, milk. it could hurt your wallet after the first of the year if congress does not act fast. a little known law from the. it may having us pay double for milk after the new year. greg: an international outcry. just ahead, we will speak with ahead of the group leading the charge to free this man heather: he talks extreme weather alert for you now or are the death toll rising from a devastating winter storm system that is...
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Dec 29, 2012
12/12
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CNNW
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cliff hanger in our next hour. these negotiations are raising questions about leadership in the house. could speaker john boehner be at risk of losing his position? at 10:00 we'll xl our washington panel. >>> one last look at headlines coming up next. can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. >>> basically going out and spending on oysters and salmon and champagne. and here, the most beautiful in the world, traffic will be completely closed down. so that hundreds of thousands of people can forget about the old here and ce
cliff hanger in our next hour. these negotiations are raising questions about leadership in the house. could speaker john boehner be at risk of losing his position? at 10:00 we'll xl our washington panel. >>> one last look at headlines coming up next. can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the...
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Dec 24, 2012
12/12
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CNBC
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if the fiscal cliff is fixed, then have a very strong first half and back half of next year. if it doesn't, we will have a situation that we see at christmas where low sales will not translate to mixed earnings. they will see a lot of margin improvements and upside from there. >> all right. we will leave it there. thank you. i appreciate your time. have a great holiday. >> thank you. >>> up next, hollywood is eyeing what could be the best for the box office ever. pushing towards the finish line is the hobbit. we will find out if the movie momentum should have a starring role in your 2013 portfolio and it could be the moment expensive christmas dinner in history. but why is no one buying? we have details including the $60,000 bottle of champagne. stay with us. >>> there aren't as many films as there used to be. holiday's take is down this year, according to the street.com. but there have been memorable holiday releases in the past. what are the three biggest christmas block busters of all time? find out next. a body at rest tends to stay at rest... while a body in motion tends
if the fiscal cliff is fixed, then have a very strong first half and back half of next year. if it doesn't, we will have a situation that we see at christmas where low sales will not translate to mixed earnings. they will see a lot of margin improvements and upside from there. >> all right. we will leave it there. thank you. i appreciate your time. have a great holiday. >> thank you. >>> up next, hollywood is eyeing what could be the best for the box office ever. pushing...
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cliff kevin and i do know that the american president is due to make a statement in the next several hours from now saying that they could be they could be toward some sort of agreed sort of solution is that a realistic idea here the now president obama is going to pull back the country from the so-called fiscal cliff are you buying it. the fiscal cliff is just more theater from bankers and politicians trying to distract people from the underlying root catastrophe that is a bunch of wankers and franker who are manipulating the system day in and day out destroying the economy this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything to buy flecked attention from the mobs what they're pitchforks and torches there are coming after these people they want to just delay that day of reckoning for as many months as they can but days reckoning is twenty eight isn't comic is there anything to look forward to . what's that i could hear you this beautiful ev
cliff kevin and i do know that the american president is due to make a statement in the next several hours from now saying that they could be they could be toward some sort of agreed sort of solution is that a realistic idea here the now president obama is going to pull back the country from the so-called fiscal cliff are you buying it. the fiscal cliff is just more theater from bankers and politicians trying to distract people from the underlying root catastrophe that is a bunch of wankers and...
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Dec 26, 2012
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so it really is up to the government to do better and to resolve this fiscal cliff. in terms of who the next fed chairman's going to be, we don't have a sense on that. we think bernanke has done a masterful job, and we really do like him in this position. >> david katz, thank you very much for your time. >> thanks a lot. >>> that wraps up this special boxing day edition of "worldwide exchange." i'm seema mody. >> i'm jackie deangelis. it was great to be here with you this morning. don't forget to tune in to cnbc.com every tuesday and thursday at 1:00 p.m. eastern for my show, "futures now." "squawk box" is up next. >> have a great morning. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you n
so it really is up to the government to do better and to resolve this fiscal cliff. in terms of who the next fed chairman's going to be, we don't have a sense on that. we think bernanke has done a masterful job, and we really do like him in this position. >> david katz, thank you very much for your time. >> thanks a lot. >>> that wraps up this special boxing day edition of "worldwide exchange." i'm seema mody. >> i'm jackie deangelis. it was great to be here...
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Dec 30, 2012
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i think this budget issue -- whatever's going to happen with the fiscal cliff, you know in the next three or four years, we will have five or six more showdowns. so that will beleaguer the president. he needs to do break-out things in foreign affair, improving relations between the united states and china. trading relationships that are more favorable to the u.s. he may raise the specter of climate issue. it is not a good one when you are running for office. but it may look good in history, 50 years from now. trying to, you know, post sandy, how do you get your hand on working on this problem in a global way? i think you will see him use executive orders more and more. i doubt you will get the outstanding legislative second-term agend a. there is too much gridlock. he wants to get obamacare if place. he cannot afford in history to have that thwarted, his signature domestic achievement. >> shannon: we can't read their minds, how much does the legacy impact the presidents in their second term? >> gigantic. they all read presidential biographies, that's a hobby. they start to imagine how peo
i think this budget issue -- whatever's going to happen with the fiscal cliff, you know in the next three or four years, we will have five or six more showdowns. so that will beleaguer the president. he needs to do break-out things in foreign affair, improving relations between the united states and china. trading relationships that are more favorable to the u.s. he may raise the specter of climate issue. it is not a good one when you are running for office. but it may look good in history, 50...
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Dec 26, 2012
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cliff deadline. he isn't the only one. there is new developments coming in right now and we'll have them for you next. [ boy ] there i was. another holiday stuck at the kids table again. then it happened. every boy's dream. i got called up to the big leagues. i was finally a man... on my way to shaving, driving and staying up past midnight. [ whoosh ] [ whoosh ] [ whoosh ] being an adult is overrated. [ male announcer ] holidays aren't the same without the real cream of reddi-wip. the sound of reddi-wip [ whoosh ] is the sound of joy. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. it's our top story on this fox trip across america. >> texas. the san san antonio homeowner says his house shook and then boom. a neighbor says his kids were playing nearby just before the cessna came down. >> it wen
cliff deadline. he isn't the only one. there is new developments coming in right now and we'll have them for you next. [ boy ] there i was. another holiday stuck at the kids table again. then it happened. every boy's dream. i got called up to the big leagues. i was finally a man... on my way to shaving, driving and staying up past midnight. [ whoosh ] [ whoosh ] [ whoosh ] being an adult is overrated. [ male announcer ] holidays aren't the same without the real cream of reddi-wip. the sound of...
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Dec 24, 2012
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on the fiscal cliff. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. campbell's. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> the holiday spirit hasn't made either side willing to compromise. >> after attending a memorial service this weekend, president obama today enjoyed round of golf. the r&r in hawaii is not likely to last. with aides saying the president is expected to fly back to washington as early as wednesday. with hopes of a last-minute budget
on the fiscal cliff. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. campbell's. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for...
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Dec 30, 2012
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. ♪ ♪ >> coming up next on 11 news, the fiscal cliff firestorm rages hill as house lawmakers meet today. >> a burglar breaks into a woman's house. she fears his return. >> strong winds and lake-effect snow showers out there. we'll tell you what's
. ♪ ♪ >> coming up next on 11 news, the fiscal cliff firestorm rages hill as house lawmakers meet today. >> a burglar breaks into a woman's house. she fears his return. >> strong winds and lake-effect snow showers out there. we'll tell you what's
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Dec 31, 2012
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next we'll hear from republican congressman howard mckin about the fiscal cliff talks from the other side of the aisle. this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am i on the naughty list again? ho ho ho! >>> secretary of state hillary clinton will be ringing in the new year from a hospital. doctors closely monitoring clinton for the next couple days. they discovered a blood clot during a followup exam related to a concussion she suffered earlier this month. the state department issued this statement saying "she's being treated with blood thinners and is at new york hospital to monitor the medication. her doctors will continue to assess her condition including other issues associated with her concussion."
next we'll hear from republican congressman howard mckin about the fiscal cliff talks from the other side of the aisle. this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually...
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Dec 27, 2012
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thank you. >>> coming up next, the fiscal cliff. we're close enough now to peek over the edge of that cliff. insiders say buckle up and prepare for the worst. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align. >>> we are so close to the fiscal cliff right now we can pra practically look over the edge. in fact, some people are saying it might even be too late for a deal and we'll go over that cliff. harry reid just took to the senate floor 30 minutes ago to say he thinks it's likely we're going to go over the cliff. republicans like house speaker john boehner and mitch mcconnell have been radio silent on negotiations. joining me is will kain and roland martin, a political analyst and columnist. wel
thank you. >>> coming up next, the fiscal cliff. we're close enough now to peek over the edge of that cliff. insiders say buckle up and prepare for the worst. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive...
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the fiscal cliff. the capital-gains taxs. there is no compelling reason to buy over the next two to three months. let some of this pass, use your assets in other places. raise some cash. then you will be in a much better position to make yourself a lot of money once 2013 starts. melissa: the thing all of your ideas have in common this idea of hungering down and having this investment over a long period of time. why wouldn't you hunker down within the stock market? because you have to give president obama credit that, you know, whether it has been because of the fed and easy money or whhtever it has been the stock market has done well. would you buy some favorite stocks and just plan on holding them through the entire next four years? >> you know i have always been an advocate of buying stocks that pay high dividends but the dividend taxes going from 15% up to 40 and that take as huge wind out of the sails for that argument. so, you know the timing is everything. timing was good to buy stocks at the beginning of obama. now not
the fiscal cliff. the capital-gains taxs. there is no compelling reason to buy over the next two to three months. let some of this pass, use your assets in other places. raise some cash. then you will be in a much better position to make yourself a lot of money once 2013 starts. melissa: the thing all of your ideas have in common this idea of hungering down and having this investment over a long period of time. why wouldn't you hunker down within the stock market? because you have to give...
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Dec 29, 2012
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erin is back next week and we'll be following all of the late breaking developments on the fiscal cliff negotiations which are coming down to the wire. it's a working weekend in washington. have a great weekend and a happy new year. "anderson cooper 360" starts right now. >>> john, thanks. we begin tonight with breaking news about your paycheck, your unemployment check, your defense job, the entire economy, you name it. all of it is at stake if the country goes over the fiscal cliff. it's a cliff that lawmakers built. they set the tuesday deadline, they knew it was coming for more than a year. but even now, they have done little to agree to a package before that time. keeping them honest, the people in this building have known what's coming on tuesday, yet they're only returning to this building to get back to work just now. senators came back yesterday. house members, well, they woet be back until sunday. this afternoon, house and senate leaders met with president obama at the white house. they talked for about an hour. afterwards, president obama said he was modestly optimistic. bypas
erin is back next week and we'll be following all of the late breaking developments on the fiscal cliff negotiations which are coming down to the wire. it's a working weekend in washington. have a great weekend and a happy new year. "anderson cooper 360" starts right now. >>> john, thanks. we begin tonight with breaking news about your paycheck, your unemployment check, your defense job, the entire economy, you name it. all of it is at stake if the country goes over the...
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Dec 25, 2012
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. >> we talk about the fiscal cliff - but there could also be a 'dairy cliff'. beginning next year, you could pay as much as seven dollars for a gallon of milk. a stalled farm bill means certain protections for farmers are expiring. a dairy subsidy ends january first. if congress doesn't act before then, the u-s would revert to a 63-year-old dairy policy. it would force the government to buy milk at inflated prices, driving up the cost for everyone. we will be right back on the kron 4 morning news. first, let us take a look at the san francisco's skyline good is a post card morning. cold your forecast, coming up. factory weekend o after a snows over the weekend of sierra have been clear. and several ski resorts around lake tahoe are reporting record amounts of fresh powder. kron 4's charles clifford has an update on conditions this is along highway 50 in the salt lake tahoe with fresh power itself lake tahoe. >> all i just heard that charles clifford mentioned that we are going to see some of snowfall. and he also mentioned that this is one of the most snowiest
. >> we talk about the fiscal cliff - but there could also be a 'dairy cliff'. beginning next year, you could pay as much as seven dollars for a gallon of milk. a stalled farm bill means certain protections for farmers are expiring. a dairy subsidy ends january first. if congress doesn't act before then, the u-s would revert to a 63-year-old dairy policy. it would force the government to buy milk at inflated prices, driving up the cost for everyone. we will be right back on the kron 4...
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Dec 28, 2012
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gregg: the big question, do lawmakers hope to get anything out of the last minute fiscal cliff talks or is it just for show? democratic congressman chris van hollen is the ranking member of the house budget committee. he will be joining us live coming up in the next hour what he really thinks is going on. patti ann: well the u.s. economy meanwhile could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. >> the port of baltimore is one of maryland's largest economic generators. any type of work action that may result in a suspension or stoppage of work would have an adverse effect. >> we handle more cars, we handle more farm and construction equipment than any other u.s. port. patti ann: we're learning that adverse effect could take a toll on the economy. fox business network's stuart varney has more for us on that this morning. good morning, stu. >> good morning, patti ann. you're talking about two million tons of cargo a day. you
gregg: the big question, do lawmakers hope to get anything out of the last minute fiscal cliff talks or is it just for show? democratic congressman chris van hollen is the ranking member of the house budget committee. he will be joining us live coming up in the next hour what he really thinks is going on. patti ann: well the u.s. economy meanwhile could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work....
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Jan 1, 2013
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technically america went over the fiscal cliff a couple hours ago, but despite the near crisis, our next guest says the president could come out of this a winner. >> steve: good morning to you. >> good morning. >> steve: the senate has passed this. now it goes to the house. we don't know if they're going to take it up today or when. technically we have sailed off the fiscal cliff. the big question is, what's the house going to do? >> i think they're going to pass it. you have to remember the house could not pass plan b, which was john boehner's plan to raise taxes on people who make a million dollars. so how in the world would they pass something that's even less than half that, raise taxes on people before 50? you have to remember, all the attention was paid to those republicans who blocked that planned deal. there is 240 republicans in the house. about 40 of them stopped it, which means there were 200 republicans who were ready to vote for plan b. some number of those are going to be ready to vote for this. if john boehner adds their votes to the democrats, i mean, the democrats have g
technically america went over the fiscal cliff a couple hours ago, but despite the near crisis, our next guest says the president could come out of this a winner. >> steve: good morning to you. >> good morning. >> steve: the senate has passed this. now it goes to the house. we don't know if they're going to take it up today or when. technically we have sailed off the fiscal cliff. the big question is, what's the house going to do? >> i think they're going to pass it. you...
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Jan 1, 2013
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next half hour coming up a last- minute fix for the "fiscal cliff." what it means for your taxes and will it survive the house today? >> that's the big question. and gunfire canceled a northern californi fireworks show. we'll show you the panic after five people were shot in the crowd. >> this morning, three people are recovering from gunshot wounds including a 12-year-old boy this after police say new year's eve celebrations turned violent. we'll have the details in a live report coming up. survivor a lifetime-- that's definitely a fair trade. whoo! walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to request more information and receive a free 3-day bracelet today. ♪ building up from deep inside it was 3 days of pure joy. susan g. komen's investments in early detection and treatment have helped re
next half hour coming up a last- minute fix for the "fiscal cliff." what it means for your taxes and will it survive the house today? >> that's the big question. and gunfire canceled a northern californi fireworks show. we'll show you the panic after five people were shot in the crowd. >> this morning, three people are recovering from gunshot wounds including a 12-year-old boy this after police say new year's eve celebrations turned violent. we'll have the details in a...
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Dec 26, 2012
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ryan will be back with us all week, tackling the fiscal cliff effect on your pocketbook. tomorrow ryan's take on what could be a ballooning tax bill for us. >>> chris brown and rihanna keeping people guessing about the next step in their lives. >>> war has started. and we are hopelessly outgunned. >> oh, i love that movie. we are going back to the movies big time. "usa today" reports box office ticket sales are heading toward an all-time high, breaking 2009's record. hollywood's take has been boosted by some blockbusters including "the avengers." according to boxofficemojo.com "the avengers" took in more than $623 million over a five-month period. woo! tom cruise is big at the box office but he made it into the year's top entertainment stories for something he did off screen and you probably know what that is. here's nischell turner with our rundown. >> reporter: catchy dance tunes, celebrity tunes and the tragic death of a singing icon, a few of the topics that had people talking. here's the look at the top ten stories from 2012. ♪ call me maybe >> reporter: the viral
ryan will be back with us all week, tackling the fiscal cliff effect on your pocketbook. tomorrow ryan's take on what could be a ballooning tax bill for us. >>> chris brown and rihanna keeping people guessing about the next step in their lives. >>> war has started. and we are hopelessly outgunned. >> oh, i love that movie. we are going back to the movies big time. "usa today" reports box office ticket sales are heading toward an all-time high, breaking 2009's...
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Dec 28, 2012
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. >>> and the fiscal cliff in washington isn't the only major threat to the u.s. economy. this morning, time is running out to avoid a strike by 14,000 dockworkers from boston to houston for demanding better pay. 14 ports which handle half of the nation's shipping traffic are threatened. workers could walk off the job this sunday, costing the economy an estimated $1 billion per day. >>> and for the second time this month, someone has been pushed to their death on a new york subway. a woman seen running away on the left side of this surveillance video, right here, shoved a man on to the tracks last night. he was then crushed by an oncoming train. witnesses say the woman was talking to herself, pacing on the platform before pushing the man from behind. and did not appear to even know the victim. >>> and finally, you don't have to be a football fan to be inspired by this story. for the first time since being diagnosed with leukemia in september, indianapolis colts head coach chuck pagano will return to the field this weekend, a symbol of strength and resilience. he spoke to e
. >>> and the fiscal cliff in washington isn't the only major threat to the u.s. economy. this morning, time is running out to avoid a strike by 14,000 dockworkers from boston to houston for demanding better pay. 14 ports which handle half of the nation's shipping traffic are threatened. workers could walk off the job this sunday, costing the economy an estimated $1 billion per day. >>> and for the second time this month, someone has been pushed to their death on a new york...
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Dec 29, 2012
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fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a whit
fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly...
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Dec 28, 2012
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cliff, the looming bankruptcy. there are millions of americans who are counting the days until they are eligible for medicare. it would be a tragedy if when they get to that day they become eligible, there's not enough money to pay the bills. according to the trustees, that day is coming soon, and 11 2024. into a doz 24 the president needs to do a good job in letting people know about the medicare fiscal cliff. senator corker has done some very good work over the last several months in a variety of areas in fiscal matters. a proposal of his that has attracted my support which he will describe is a proposal to help make the medicare program solvent by reducing the growth of out of control spending by nearly $1 trillion in exchange for the expected request from the president for a $1 trillion increase in the debt limit. taking these two provisions together over the next few weeks will provide certainty for the economy, will be the linchpin for a budget agreement that will get the economy going again. republicans and
cliff, the looming bankruptcy. there are millions of americans who are counting the days until they are eligible for medicare. it would be a tragedy if when they get to that day they become eligible, there's not enough money to pay the bills. according to the trustees, that day is coming soon, and 11 2024. into a doz 24 the president needs to do a good job in letting people know about the medicare fiscal cliff. senator corker has done some very good work over the last several months in a...
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also eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. allowed kevin i would hear this new year's day thanks for joining us our top story than twenty thirteen has made it in or around the globe with the array of fireworks performances and cheering crowds we've come to expect let's take a look at where the world's been partying should we use eland was among the first to assure in twenty thirty crowds packed the harbor in oakland to enjoy the fireworks exploding over the city sky. then a stray joy the festivities shortly afterwards with almost two million people gathered to see the now standard jaw dropping fireworks in harbor bridge as the clock struck midnight. continue to triumph and march through asia with one of the most spectacular shows on value in hong kong in fact were a countdown to twenty thirteen culminated in a like to extravaganza on the land and in the sky one of the biggest displays they were ever put on in fact your of then picked up the holiday toss this berlin hosting
also eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. allowed kevin i would hear this new year's day thanks for joining us our top story than twenty thirteen has made it in or around the globe with the array of fireworks performances and cheering crowds we've come to expect let's take a look at where the world's been partying should we use eland was among the first to assure in twenty thirty...
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cliff. >> but it still must go to the house. they reconvene at noon today. congressional leaders hope to send legislation to president obama within a day or two, meaning that consumers shouldn't notice any impact. with the latest to explain it all, all the xs and 0s, we're joined by karen travers in washington. >> reporter: it's after midnight. while we technically have gone over the fiscal cliff, some last-minute arm twisting and negotiations may have provided a parachute. don't stop popping the champagne just yet. after days of intense negotiations, the white house and senate republicans reached a deal. vice president biden went up to capitol hill to sell it to senate democrats. >> happy new year. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would permanently extend bush tax cuts to those making under $400,000 and households making $450,000. raise the estate tax at those valued at more than $5 million and extend unemployment b
cliff. >> but it still must go to the house. they reconvene at noon today. congressional leaders hope to send legislation to president obama within a day or two, meaning that consumers shouldn't notice any impact. with the latest to explain it all, all the xs and 0s, we're joined by karen travers in washington. >> reporter: it's after midnight. while we technically have gone over the fiscal cliff, some last-minute arm twisting and negotiations may have provided a parachute. don't...
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is, is going over that so-called fiscal cliff. we'll see what happens over the next few hours. tom foreman, thank you. much more on the fiscal cliff coming up. >>> there are serious ramifications for almost every american involved in this negotiati negotiation. we'll update when when we come back. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> okay, we've got the breaking news we're following here in washington. we've been thinking about it. we've been talking about it for a long time. guess what, the united states is now going over the so-called fiscal cliff. that's becau
is, is going over that so-called fiscal cliff. we'll see what happens over the next few hours. tom foreman, thank you. much more on the fiscal cliff coming up. >>> there are serious ramifications for almost every american involved in this negotiati negotiation. we'll update when when we come back. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and...
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and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these negotiations going on today. the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the 88-year-old was initially hospitalized with bronchitis last month, came down last week with a stubborn fever. >>> parts of the midwest are under a windchill advisory today. it's going to feel like 35 below in parts of minnesota, iowa
and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these negotiations going on today. the gridlock in washington could also hold up your tax refund. you might have to wait until late march...
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does he see the fiscal cliff afwremt getting through the house? and we leave you with london's new year's celebration. there it is. you're watching starting point. happy new year. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening. if you have
does he see the fiscal cliff afwremt getting through the house? and we leave you with london's new year's celebration. there it is. you're watching starting point. happy new year. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ]...
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. >> so what happens next? how likely is it that we'll go over the fiscal cliff? i'm curious about the mood in washington right now. >> there is an increase in optimism because of the mood out of that meeting today. but i still would say the people who are -- placing bets in this town still expect that the nation will go over the fiscal cliff. so still a little bit more hope than what we woke up this morning, but no one is counting on being off on new year's eve. >> randy. >> jessica, thank you, more now on the raw politics, good to see you both. cornell, let me start with you here, the president said he wanted to see a straight up or down vote. as we mentioned that could happen in the senate. we could lose the up or down vote. >> you are going to see something come out of the senate. you have to pay attention to the tone, i think you will see something come out of the senate on up and down, but i think the problem comes on the house side, whether or not in fact speaker john boehner is going to allow what the senate sends their way to go on an up or down vote, wit
. >> so what happens next? how likely is it that we'll go over the fiscal cliff? i'm curious about the mood in washington right now. >> there is an increase in optimism because of the mood out of that meeting today. but i still would say the people who are -- placing bets in this town still expect that the nation will go over the fiscal cliff. so still a little bit more hope than what we woke up this morning, but no one is counting on being off on new year's eve. >> randy....
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there is some political advantage to waiting to go off the fiscal cliff and coming back in january. the house speaker john boehner may have more flexibility as we're just saying. so that's one plus and democrats also will have a strengthened position in the congress come january. >> if republicans wait until the start of the new congress they can say, you know what? we voted to lower taxes. >> exactly. >> they just went up. >> i want to end with you here because we spend a lot of time talking about the fiscal cliff and the fact of the matter is the sequestration is fazed in. >> right. >> when you start talking about some of these taxes, whether it's the ending of unemployment insurance -- >> yeah. >> whether it's the payroll tax holiday going away, you start talking about an immediate impact for millions of families in this country. >> part of david's spoipoint is there's two to three-month wriggle room and shifting resources to unemployment insurance to keeping marginal tax rates unchanged, you know, for the next few months. at some point, look, they won't be able to do that. i wou
there is some political advantage to waiting to go off the fiscal cliff and coming back in january. the house speaker john boehner may have more flexibility as we're just saying. so that's one plus and democrats also will have a strengthened position in the congress come january. >> if republicans wait until the start of the new congress they can say, you know what? we voted to lower taxes. >> exactly. >> they just went up. >> i want to end with you here because we spend...